We came across a bullish thesis on PRA Group, Inc. (PRAA) on Leahi Capital’s Substack by Leahi Capital. In this article, we will summarize the bulls’ thesis on PRAA. PRAA Technologies, Inc.'s share was trading at $22 as of Sept 24th. PRAA’s trailing and forward P/E were 220 and 11.05 respectively according to Yahoo Finance.
PRA Group, a debt buyer and collector is currently going through a recovery after posting its first loss since its 2002 IPO. For years, PRA has been profitable but a combination of macroeconomic factors and operational missteps led to underperformance.
PRA...
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